NGAS.L vs. SLVR.L
NGAS.L (WisdomTree Natural Gas ETF) and SLVR.L (WisdomTree Silver) are both exchange-traded funds - NGAS.L is a Commodities fund tracking the Bloomberg Natural Gas Sub Total Return Index, while SLVR.L is a Silver fund tracking the Bloomberg Silver Subindex. Both are passively managed. Over the past 10 years, NGAS.L returned -23.35%/yr vs 13.51%/yr for SLVR.L. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.
Performance
NGAS.L vs. SLVR.L - Performance Comparison
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Returns By Period
In the year-to-date period, NGAS.L achieves a -11.49% return, which is significantly lower than SLVR.L's 3.18% return. Over the past 10 years, NGAS.L has underperformed SLVR.L with an annualized return of -23.35%, while SLVR.L has yielded a comparatively higher 13.51% annualized return.
NGAS.L
- 1D
- 2.07%
- 1M
- 4.84%
- YTD
- -11.49%
- 6M
- -29.61%
- 1Y
- -36.85%
- 3Y*
- -25.66%
- 5Y*
- -25.67%
- 10Y*
- -23.35%
SLVR.L
- 1D
- -3.39%
- 1M
- -3.55%
- YTD
- 3.18%
- 6M
- 24.16%
- 1Y
- 108.17%
- 3Y*
- 42.86%
- 5Y*
- 19.09%
- 10Y*
- 13.51%
NGAS.L vs. SLVR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NGAS.L WisdomTree Natural Gas ETF | -11.49% | -24.72% | -26.18% | -65.28% | 20.27% | 25.42% | -43.27% | -40.74% | 2.93% | -37.77% |
SLVR.L WisdomTree Silver | 3.18% | 136.72% | 20.15% | -2.57% | 2.25% | -14.66% | 40.61% | 13.97% | -10.13% | 1.46% |
Correlation
The correlation between NGAS.L and SLVR.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2006 | 0.04 |
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Return for Risk
NGAS.L vs. SLVR.L — Risk / Return Rank
NGAS.L
SLVR.L
NGAS.L vs. SLVR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Natural Gas ETF (NGAS.L) and WisdomTree Silver (SLVR.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| NGAS.L | SLVR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.33 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 2.64 | -3.41 |
| Martin ratioReturn relative to average drawdown | -1.11 | 5.79 | -6.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NGAS.L | SLVR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 1.83 | -2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.52 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.46 | 0.42 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.22 | -0.81 |
Drawdowns
NGAS.L vs. SLVR.L - Drawdown Comparison
The maximum NGAS.L drawdown since its inception was -99.91%, which is greater than SLVR.L's maximum drawdown of -79.93%. Use the drawdown chart below to compare losses from any high point for NGAS.L and SLVR.L.
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Drawdown Indicators
| NGAS.L | SLVR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.91% | -79.93% | -19.98% |
Max Drawdown (1Y)Largest decline over 1 year | -47.73% | -40.74% | -6.99% |
Max Drawdown (3Y)Largest decline over 3 years | -70.31% | -40.74% | -29.57% |
Max Drawdown (5Y)Largest decline over 5 years | -93.13% | -40.74% | -52.39% |
Max Drawdown (10Y)Largest decline over 10 years | -94.91% | -46.90% | -48.01% |
Current DrawdownCurrent decline from peak | -99.91% | -35.69% | -64.22% |
Average DrawdownAverage peak-to-trough decline | -89.09% | -49.44% | -39.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.25% | 18.61% | +14.64% |
Volatility
NGAS.L vs. SLVR.L - Volatility Comparison
The current volatility for WisdomTree Natural Gas ETF (NGAS.L) is 11.19%, while WisdomTree Silver (SLVR.L) has a volatility of 17.95%. This indicates that NGAS.L experiences smaller price fluctuations and is considered to be less risky than SLVR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NGAS.L | SLVR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.19% | 17.95% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 47.23% | 56.26% | -9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.38% | 58.81% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.00% | 36.81% | +22.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.65% | 31.96% | +18.69% |
NGAS.L vs. SLVR.L - Expense Ratio Comparison
Both NGAS.L and SLVR.L have an expense ratio of 0.49%.
Dividends
NGAS.L vs. SLVR.L - Dividend Comparison
Neither NGAS.L nor SLVR.L has paid dividends to shareholders.
Frequently Asked Questions
NGAS.L and SLVR.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
NGAS.L and SLVR.L have the same expense ratio: 0.49% per year.
NGAS.L is categorized as Commodities, while SLVR.L is Silver. NGAS.L tracks Bloomberg Natural Gas Sub Total Return Index, while SLVR.L tracks Bloomberg Silver Subindex.
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